NIB : Notice of initial substantial holder from Vinva Investment Management

Corporations Act 2001

Section 6718

To Company Name/ Scheme NIB HOLDINGS LIMITED ACN/ ARSN

1. Details of substantial holder (1)

Name V inv a l n vestm;;..;.e;:; nt M.:.:a.=nagem ent ACN/ ARSN (if applicable) _14_7_93_4_2_6_3 _

The holder became a substantial holder on 03/11/2017

2. Details of voting power

The total number of votes attached to all the voting shares in the company or voting interests in the scheme that the substantial holder or an associate (2) had a relevant interest (3) in on the date the substantial holder became a substantial holder are as follows:

Class of securities 4 Number of securities Person's votes 5)

FPO 22.784.252 22,784 ,252

*Based on issued capital of 454,848,869 shares

3. Details of relevant interests

The nature of the relevant interest the substantial holder or an associate had in the following voting securities on the date the substantial holder became a substantial holder are as follows:

Holder of relevant interest Nature of relevant interest 7 Class and number of securities See Schedule 1

The persons registered as holders of the securities referred to in paragraph 3 above are as follows:

1. Consideration

   The consideration paid for each relevant interest referred to in paragraph 3 above, and acquired in the four months prior to the day that the substantial holder became a substantial holder is as follows:

   Holder of relevant interest	Date of acquisition	Consideration (9)		Class and number of securities
   		Cash	Non-cash
   Vinva Investment Management	03/07/2017 · 03/11/2017	Consideration for Acquisition of Shares $17,557,223	Acquisition of 2,965,588 shares
   		Consideration for Disposal of Shares $5,617,366	Disposal of 965,834 shares
   		Transfer in 686,291 shares	686.291 shares
   		Transfer out of 183,963 shares	183.963 shares

2. Associates

   The reasons the persons named in paragraph 3 above are associates of the substantial holder are as follows:

   NIA

   Name and ACN/ ARSN if a licable Nature of association

3. Addresses

   The addresses of persons named in this form are as follows:

   Name Address

   Vinva Investment Mana ement Level 13, 10 Brid e Street. S dne . NSW 2000

   Signature

   Print name ------A-nd-re-w -Ja-cks-on------

   Capacity _:D;.i;;r.;e::.c::;.t:o;:..r;_

   Sign here _

   H,'-t- --> .v.,,_,)_u.d,.- - ---

   Date 7 , ,I r

   DIRECTIONS

   (1)

   If there are a number of substantial holders with similar or related relevant interests (eg.a corporation and its related corporations, or the manager and trustee of an equity trust), the names could be included in an annexure to the fonm. If the relevant interests of a group of persons are essentially similar, they may be referred to throughout the fonm as a specifically named group the membership of each group, with the names and addresses of members is clearty set out in paragraph 7 of the fonm .

4. See the definition of "associate" In section 9 of the Corporations Act 2001,

5. See the definition of "relevant interest" in sections 608 and 6718(7) of the Corporations Act 2001

6. The voting shares of a company constitute one class unless divided into separate classes.

(5)

The total number of votes attached to all the voting shares in the company or voting interests in the scheme (if any) that the person or an associate has a relevant

1. The person's votes divided by he total votes in the body corporate or scheme multiplied by 100,

2. Include details of: (a)

(b)

any relevant agreement or other circumstances by which the relevant interest was acquired. If subsection 6718(4) applies, a copy of any document setting out lhe terms of any relevant agreement, and a statement by the person giving full and accurate details of any contract, scheme or arrangement, must accompany this fonm, together wilh a written statement certifying this contract, scheme or arrangement; and

any qualification of the power of a person to exercise, control the exercise of, or influence the exercise of, lhe voting powers or disposal of the

securities to which lhe relevant interest relates (indicating clearty the particular securities to which the qualffication applies)

See the definition of "relevant agreement" in section 9 of the Corporations Act 2001.

(8)

If the substantial holder is unable to detenmine the identity of the person ( eg. W the relevant interest arises because of an option) write "unknown".

(9) Details of the consideration must include any and all benefits, money and other, that any person from whom a relevant interest was acquired has, or may, become entitled to receive in relation to that acquisition Details must be included even if the benefit is conditional on the happening or not of a contingency .Details must be included of any benefit paid on behalf of the substantial holder or Its associate in relation to the acquisitions, even if they are not paid directly to the person from whom the relevant interest was acquired

Schedule 1 - Vinva Investment Management becoming a substantial holder in NIB HOLDINGS LIMITED

Details of relevant interests

Holder of relevant interest	Nature of relevant interest	Class and number of securities
Vinva Investment Management	Power to (or to control) exercise vote and/or dispose of the securities as discretionary investment managers or advisers of superannuation funds, pooled superannuation trusts, managed investment schemes and investment management agreements.	Fully paid ordinary shares 22,784,252

Details of present registered holders

Holder of relevant interest	Registered holder of securities	Persons entitled to be a registered holder	Class and number of securities
Vinva Investment Management 1	JP Morgan Nominees Australia Ltd	JP Morgan Nominees Australia Ltd	12,440,750 FPO
Vinva Investment Management	National Nominees Ltd	National Nominees Ltd	3, 124,835 FPO
Vinva Investment Management	Cogent Nominees Limited	Cogent Nominees Limited	2,001,261 FPO
Vinva Investment Management	State Street Australia Limited	State Street Australia Limited	4,461,501 FPO
Vinva Investment Management	HSBC Custody Nominees Limited	HSBC Custody Nominees Limited	755,905 FPO

2

3

4

5

6

7

8

22,784,252